Catherine has operated her footwear business for two years and four months. She is happily married and has only one child. Catherine aims to have a better way of living and improve her business.
Catherine would like to add in-demand shoes and slippers to her inventory so she can encourage more customers to buy her products. However, due to insufficient capital, she is asking for a loan of 30,000 PHP. She hopes that the lenders will approve her loan so she could improve her profits to serve her family's basic needs and save for her future security and the education of her only child.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.